Middle East Economic Survey

VOL. XLVII

No 47

22-November-2004

ENERGY FINANCE

ANZ Transfers Middle East Project Finance To Standard Chartered

Australia and New Zealand Banking Group (ANZ) and Standard Chartered Bank have signed a Memorandum of Understanding for the transfer of the majority of ANZ's London-headquartered project finance business to Standard Chartered. In addition to the Middle East, the business also operates in South Asia, Africa, Europe and the Americas. As a result of the move,...